One of the most important things an entrepreneur learns is keeping accurate records of the money flowing in and out of a business. Keeping numerical records is called ________.
A) Cost analysis
B) Cash flow analysis
C) Accounting
D) Reconciliation

Question

Quizplus · Accepted Answer

The term used for keeping numerical records of money flowing in and out of a business is accounting. Option A (cost analysis) focuses on analyzing the expenses to optimize the costs. Option B (cash flow analysis) involves tracking the movement of cash in and out of a business. Option D (reconciliation) is a process of comparing financial records for accuracy and completeness. While all these concepts are essential, the best answer for the given question is option C.

One of the Most Important Things an Entrepreneur Learns Is